ERA energy resources of australia limited

April 4 (Reuters) - Uranium miner Energy Resources of Australia...

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    April 4 (Reuters) - Uranium miner Energy Resources of Australia (ERA) (ERA) said on Tuesday it will raise up to A$369 million ($250 million) from Rio Tinto (RIO) and other investors via an entitlement offer.

    Proceeds from the offer will be used to fund rehabilitation related to Energy Resources's Ranger uranium mine in the Northern Territory and repay a loan from Rio Tinto, it said.

    ($1 = 1.4736 Australian dollars) (([email protected]; Twitter: https://twitter.com/damnit_saladin;))

 
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